Collateral Loan Services Analyst

Collateral Loan Services Analyst

Our client is looking for a Collateral Loan Services Analyst to join their team!

Primary Responsibilities

As a Collateral Analyst, you will:

• Analyze Collateral Adequacy: Review various loan documents for collateral delivered into the vault or pledged under blanket lien. This includes scrutinizing appraisal reports and mortgage notes to ensure a security interest can be perfected by the client in underlying collateral in the event of default.
• Perform Verifications & Inspections: Conduct and coordinate collateral verifications and inspections on pledged commercial property to determine the property's type/class and value.
• System Support: Assist in maintaining departmental systems, which may involve participating in developing requirements/specifications and developing/executing testing scenarios related to system enhancements or modifications.
• Manage Held-For-Sale (HFS) Program: Oversee ongoing operations of the client's HFS program, including daily monitoring and updates, quarterly onsite HFS collateral verifications, and onboarding new members in accordance with client policies.
• Reporting and Analysis: Produce and maintain various reports and analyses pertaining to collateral verifications, valuations, UCC filings, Interagency Guidance, and property inspections.
• Conduct Desktop Reviews: Perform collateral desktop reviews and, when necessary, assist with onsite collateral verifications. You will be responsible for coordinating, scheduling, and completing assigned desktop reviews within established timeframes.
• Ensure Regulatory Compliance: Provide analysis and interpretation of related regulations and perform regulatory compliance reviews of collateral department policies and procedures.
• Valuation and Liaison: Analyze, review, and value assets being pledged as security for advances. Act as a liaison with various departments to provide prompt and courteous support for member requests.
• Data Integrity: Assist in the ongoing maintenance of collateral system data and customer information.

Job Requirements

• Education: Bachelor's degree in finance, business, accounting, or real estate is required.
• Experience: 3–5 years of experience in banking, commercial real estate, or mortgage/warehouse lending (e.g., appraising, underwriting, commercial lending, selling, and/or loan processing). (A college degree may be considered part of the experience requirement.)
• Technical Skills: Strong PC skills and abilities in spreadsheet and database preparation. Working knowledge of balance sheets and trial balances of financial institutions.
• Core Competencies: Excellent communication, interpersonal skills, and analytical skills; self-motivation is essential.
• Travel: Willing and able to travel within a 5-state region on an as-needed basis (estimated 10% minimum).

Working Conditions

• Physical Demands: This role requires routine cognitive ability, sitting, moving about the office, and the use of hands for computer work. Occasional standing, reaching, climbing stairs, stooping, and lifting/moving up to 25 pounds may be required. The ability to drive an automobile and fly on commercial airlines is also necessary.
• Work Environment: Work is performed in a temperature-controlled office environment with a low to moderate noise level. Mental concentration, attention to detail, and computer use for extended periods are common. The ability to complete complex tasks under deadline pressure is required, and occasional evening or weekend work may be necessary based on business needs.

Compensation / Pay Rate (Up to): $33.00 - $44.00